Post Tagged with: "oil reserves"

Source: Reuters

Price impact from oil reserves release unlikely to last long- JP Morgan

Nasdaq


Nov 24  – Any impact on oil prices from a release of crude from strategic petroleum reserves by the United States and other countries may not be sustained for long, JP Morgan Global Commodities Research said on Wednesday.

The …

Source: World Oil

Biden orders release of oil reserves, in a challenge to OPEC

World Oil


WASHINGTON (Bloomberg) –The U.S. will release 50 million barrels of crude from its strategic reserves in concert with China, Japan, India, South Korea and the UK — an unprecedented, coordinated attempt by the world’s largest oil consumers to …

Source: Reuters

Biden’s National Economic Council can’t settle on a plan as energy prices spike

World Oil


(Bloomberg) –One hour after U.S. government data showed on Wednesday that American inflation had soared to a 31-year high, President Joe Biden vowed to fight the surge as “a top priority.”

Key to his administration’s response, Biden said …

Tapping Mexico’s Onshore Oil & Gas Reserves almost a Reality for Canadian Operator IFR

Tapping Mexico’s Onshore Oil & Gas Reserves almost a Reality for Canadian Operator IFR

IFR on target to be first outside company to drill onshore in Mexico in 80 years, anticipates April spud

The Calgary-based company announced this morning that its Mexican joint venture Tonalli Energia is mobilizing a rig to begin drilling the …